For a top-10 Internet website it's not "bloated" at all, if anything it's still running on a shoestring budget. And the fundraising ends up supporting a huge variety of technical improvements and less known "sister" projects that are instrumental in letting the community thrive and be relevant for the foreseeable future. Sure, you could keep the existing content online for a lot less than what they're asking for, but that's not what folks are looking for when they visit the site. Keeping a thriving community going takes a whole lot of effort especially in this day and age, where a vast majority of people just use the Internet for 100% casual entertainment, not productive activity.